Schlumberger N.V. (SLB) Shares Sold by Nikko Asset Management Americas Inc.
Nikko Asset Management Americas Inc. decreased its position in Schlumberger N.V. (NYSE:SLB) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 528,771 shares of the oil and gas company’s stock after selling 19,600 shares during the quarter. Schlumberger N.V. accounts for 2.1% of Nikko Asset Management Americas Inc.’s portfolio, making the stock its 7th biggest holding. Nikko Asset Management Americas Inc.’s holdings in Schlumberger N.V. were worth $34,814,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC increased its position in shares of Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares during the last quarter. MCF Advisors LLC increased its position in shares of Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 915 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Schlumberger N.V. by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares during the last quarter. Independence Advisors LLC bought a new position in shares of Schlumberger N.V. during the 2nd quarter valued at approximately $288,000. Finally, Point View Wealth Management Inc. increased its position in shares of Schlumberger N.V. by 6.6% during the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 160 shares during the last quarter. 79.13% of the stock is currently owned by institutional investors and hedge funds.
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In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger N.V. stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger N.V.’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS.
Several research firms have recently weighed in on SLB. Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Credit Suisse Group set a $78.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Loop Capital cut their target price on Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $80.08.
About Schlumberger N.V.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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